DevvStream settles Helena convertible note dispute, cuts remaining debt to $1 million

  • DevvStream reached a settlement with Helena over its senior secured Convertible Promissory Note originally issued with USD 10 million principal.
  • Agreed to honor USD 295,000 of conversion notices dated June 1 and June 4, with shares due by 10:00 a.m. ET June 8.
  • Digital asset collateral in a BitGo account valued at USD 2.6 million was credited against the note; Helena kept control of the collateral.
  • Remaining debt set at USD 1 million, still convertible at the Event of Default Discount Price under the note’s terms.
  • Helena accepted a leak-out limit, capping sales of conversion shares at 10% of average daily volume over the prior 10 trading days.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DevvStream Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-024382), on June 08, 2026, and is solely responsible for the information contained therein.

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